Week 46: USD Index Bets Continue Divergence, Speculators Cut Their Euro Bets Weekly Speculator Changes led by the Japanese Yen USD Index Bets continue divergence, Speculators cut their Euro bets Currencies Net Speculators Leaderboard Strength Scores led by Australian Dollar Brazilian Real tops the 6-Week Strength Trends
Here are the latest charts and statistics for the Commitment of Traders (COT) data published by the Commodities Futures Trading Commission (CFTC).The latest Commitment of Traders (COT) data is updated through Tuesday November 19th and shows a quick view of how large market participants (for-profit speculators and for-profit speculators) were positioned in the futures markets. All currency positions are in direct relation to […]
Is The Market Cautiously Rotating At New Highs?
Last week started with the anticipation of how the market would respond to its prior week’s pullback from the enthusiastic post-election rally.Even without a boost from NVDA’s earnings report, the stock market resumed its bull trend in some encouraging ways.First, as you can see in the daily chart below, the Russell 2000 (IWM) small caps […]
Weekly Technical Update: S&P 500 – Sunday, Nov. 24
Image Source: PexelsIn this comprehensive video, I review how the S&P 500 has moved in recent days. I also discuss where I could see it moving to in the holiday-shortened week ahead.00:24:49More By This Author:Weekly Technical Update: Nasdaq 100 – Sunday, Nov. 24Nasdaq 100 & S&P 500 Elliott Wave Update – Tuesday, Nov 19Nasdaq 100 & […]
Gold ETFs Regain Luster: Will The Rally Continue?
Image: BigstockGold regained its luster this week, driven by safe-haven demand amid an escalation in the conflict between Russia and Ukraine. The bullion is on track to post its best week in a year, rising 5% so far. A weaker dollar also added to this strength.Given the optimism, investors have a long list of options to tap […]
Pushing To Higher Highs
Image Source: PixabayThe NYSE Index just keeps pushing to higher highs. This is impressive price action, and last week’s new high for the market was not at all what I expected considering the warning signs that I was seeing during last weekend’s review of the market. I don’t fight the market, however, so for now, I […]
The Fed Rate Cutting Cycle May Be Over
Stocks bounced back some this week following last week’s decline, with the S&P 500 rebounding by 1.7%. This week will be short, with US markets closed on Thursday and a half-day on Friday. It will also be accompanied by much data, with the Fed Minutes on Tuesday afternoon and GDP, PCE, and Jobless claims on […]
Pairs In Focus – Sunday, Nov. 24
Image Source: Pixabay EUR/USD The euro likely found the week to be an absolutely horrible one, as it finally broke below the 1.05 level. By doing so, the market now looks poised to go much lower. Short-term rallies at this point in time will potentially serve as the entry point that short sellers will be looking for. With interest rates climbing, it […]
These Magnificent 7 Reports Impressed Investors: Amazon, Tesla
Image: BigstockThe Q3 reporting cycle has officially ended for the Magnificent 7 group following the release of Nvidia’s quarterly results earlier this week. The group posted strong growth, though post-earnings reactions weren’t favorable for all.However, reports from Tesla (TSLA – Free Report) and Amazon (AMZN – Free Report) did spark post-earnings positivity, with shares of each seeing positive price action […]
Bitcoin Nears $100,000 As The Market Boom Continues
Image Source: Pixabay This Week’s Summary The cryptocurrency market looks set to end the week at a total market capitalization of approximately $3.31 trillion. Bitcoin increased by over 7% to trade at around $97,000. Ethereum moved up by almost 8% to trade at around $3,300 again. XRP rose by 23%, Cardano by 34%, and Dogecoin by 14%. Almost […]
Trade Of The Day: IonQ, Red Cat Holdings
Image Source: PexelsThis is a new segment where I break down one of my favorite trades of the day. This is essentially my own review of the trades I took. It is for my own benefit, and these are my notes to myself. Take from it what you will. The idea is to imprint the best trades over […]
